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Force India’s Fernley slams CVC for milking F1
Force India's Fernley slams CVC for milking F1 14 March, 2013 A senior Force India team member has lashed out at Formula 1′s owner CVC, accusing the private equity firm of not being interested in developing the sport and in fact milking it for profit.
The financial news agency Bloomberg quoted deputy team boss Bob Fernley as saying new deals that give more money and power to the bigger teams are a 'disaster'.
'CVC is not interested in developing the sport, it's interested in making as much money as possible and then selling it,' he said. 'The income split doesn't support Formula 1.'
Many of Formula 1′s smallest teams are struggling, and former Renault boss Flavio Briatore told...
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11y ago from YallaF1.com
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